ACNB

1. Market risk: ACNB operates in a highly competitive market and any changes in market conditions, economic downturns, or shifts in consumer preferences can have an impact on the company's financial performance.

2. Credit risk: ACNB provides loans and other credit products to its customers. Any default or inability of borrowers to repay their loans can have a negative impact on the company's financial health.

3. Interest rate risk: ACNB's profitability is affected by interest rates. When interest rates increase, the cost of borrowing for the company also increases, which can reduce its profitability.

4. Regulatory risk: ACNB is subject to various federal, state, and local regulations governing its operations. Non-compliance with these regulations can result in penalties, fines, and legal liabilities.

5. Cybersecurity risk: As a financial services company, ACNB is vulnerable to cyber threats and attacks. A data breach or cyberattack can compromise sensitive customer information and damage the company's reputation.

6. Operational risk: ACNB is exposed to operational risks such as system failures, employee errors, and fraud, which can disrupt its business operations and lead to financial losses.

7. Reputational risk: Any negative publicity or damage to the company's reputation can have a significant impact on its business and financial performance.

8. Liquidity risk: ACNB's ability to meet its financial obligations and fund its operations depends on its liquidity position. In times of market volatility or economic downturns, the company may face difficulty in accessing capital and managing its liquidity.

9. Changes in accounting standards: Changes in accounting standards and regulations can have an impact on ACNB's financial reporting and performance.

10. Dependency on key personnel: The company's success heavily relies on the expertise and experience of its key personnel. The loss of key employees, especially in leadership positions, could negatively affect ACNB's operations and performance.